RBI's Reddy warns on asset prices

Reserve Bank of India governor Y V Reddy told the Financial Times in comments published Wednesday 15 November that Indian property prices are rising uncomfortably fast.

Dr Reddy told the Financial Times: "We don't take a view as to whether there's a bubble, but there is slight discomfort that asset prices have been moving too fast."

Illustrating the extent of the central bank's concern about soaring prices, Mr Reddy told the FT the RBI was monitoring property loans bank by bank and branch by

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